Sunday, July 29, 2012

Schapelle Corby: A Pithy Analysis of Macquarie Bank

It can't get much worse than a leading investment guru calling Macquarie Bank a potential Enron, and continually reminding investors of those remarks in the light of this very recent news of their continuing failure.

As Paul Grignon points out in this simple animation, at heart, the ONLY currency banks have is "Confidence." Oh dear . . . How sad for the corporation accused of endangering the flying public.